Particularly in the Dutch blue chips in the Euro STOXX 50 such as ABN Amro, NG, Phillips and Royal Dutch, a liquid electronic market has developed at Eurex in the meantime.
Eurex is the only exchange to offer a minimum order size of just 250 contracts for block trades. Like the Eurex price model, the new block-trade facility has met with exceptionally high interest in the market,Eurex says. The derivatives market offers the most favorable terms for trading and clearing, it said, and
rewards the most active participants with an attractive fee model.
Eurex has expanded the segment for Dutch equity options to include 14 new options since July 1. The world's leading options exchange now offers a total of 23 options on Dutch equities and is thus the only exchange to make all Dutch blue-chip options available electronically. Eurex has enhanced the attractiveness of its Dutch segment substantially and thus also the liquidity in these products: In addition to the active use of leading international market makers, who quote binding prices in the order book on a continuous basis, the maximum term for Dutch equity options was extended to 60 months.
The international equity options segment at Eurex is extremely successful overall: Some 86 million contracts have already been traded and cleared in 2002. This corresponds to an underlying value of 424 billion Euros (US$ 417.6 billion) . The total comprises about 52 million contracts (290 billion Euros / US$ 287 billion) in German equity options, 20 million contracts (98 billion Euros / US$ 97 billion) in Swiss equity options and about 15 million contracts (35 billion Euros / US$ 34.6 billion) in all other European and U.S.